Elster Foundation
- Assets
- $4.1m
- Revenue
- $189.7k
- Investments
- $3.9m
- Employees
- 0
- Location
- Martinsville, VA
- Founding
- 04/1965
- Data as of
- 12/2022
- EIN
- 16-6054742
Organization Overview
Elster Foundation is located in Martinsville, VA. The organization was established in 1965. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elster Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Elster Foundation generated $189.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $405.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Elster Foundation has awarded 310 individual grants totaling $2,139,770. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sydney E Goldstein Trustee | 1 | $7,680 | |
Nicole V Acuff Trustee | 1 | $7,680 | |
Douglas R Goldstein Trustee | 1 | $7,680 | |
Amy Gerome-Acuff Trustee | 1 | $7,680 | |
Elizabeth Greer Goldstein Trustee | 1 | $7,680 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $113,383 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $76,298 |
| Capital Gain Net Income | $76,298 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $189,681 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $38,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,067 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $85,173 |
| Contributions, gifts, grants paid | $320,000 |
| Total expenses and disbursements | $405,173 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $226,545 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $735 |
| Total assets | $4,149,063 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Elster Foundation has awarded $320,000 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
ATLANTA BALLET PURPOSE: CHARITABLE | $25,000 |
SARASOTA BALLET OF FLORIDA INC PURPOSE: CHARITABLE | $90,000 |
FLORIDA STUDIO THEATRE INC PURPOSE: CHARITABLE | $25,000 |
PIEDMONT ARTS ASSOCIATION PURPOSE: CHARITABLE | $20,000 |
CHARITY LEAGUE OF MARTINSVILLE PURPOSE: CHARITABLE | $1,000 |
CHARLOTTE PREPARATORY SCHOOL PURPOSE: CHARITABLE | $6,000 |